Definition
Household Income
Total household income includes:
(1) wages and salaries, tips, bonuses, etc.,
(2) net profits from farming and non-farming,
(3) property income such as land rent, royalties, interest and dividends,
(4) current transfer received such as assistance payments, pensions, scholarships and grants,
(5) non-money income (income-in-kind), the value of goods and services received free from other sources, and
(6) other money receipts, such as insurance proceeds, lottery winnings and other "windfall" receipts.